---
schema_version: "secwatch.filing_event.v1"
accession: "0000059558-22-000018"
form_type: "8-K"
ticker: "LNC"
cik: "0000059558"
company_name: "LINCOLN NATIONAL CORP"
filed_at: "2022-05-04T23:59:59+00:00"
generated_at: "2026-06-26T00:59:00.469843+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Lincoln Financial Q1 adjusted EPS $1.66 vs $1.82; pandemic claims reduced EPS by $0.96

## Summary
- Net income $104M ($0.58 diluted) vs $225M ($1.16) in Q1 2021; adjusted operating EPS $1.66 vs $1.82.
- Pandemic-related claims and unusual Group Protection adjustments lowered adjusted EPS by $(0.96) combined.
- Revenue $4.69B (+3% YoY); Life Insurance sales +36% to $155M; Group Protection sales +42%.
- Returned $480M to shareholders including $400M in buybacks; diluted shares fell 9% to 176.4M.
- BVPS ex-AOCI $78.32 (+8%); BVPS incl. AOCI $85.59 (-16%) due to higher interest rates.

## SEC filing metadata
- accession: 0000059558-22-000018
- form_type: 8-K
- ticker: LNC
- cik: 0000059558
- company_name: LINCOLN NATIONAL CORP
- filed_at: 2022-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/59558/000005955822000018/0000059558-22-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/59558/000005955822000018/lnc-20220504x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000059558-22-000018
- JSON: https://secwatch.observer/filing/0000059558-22-000018.json
- Plain text: https://secwatch.observer/filing/0000059558-22-000018.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.